This transcript has been automatically generated and may not be 100% accurate.

... ay ay mm mm ... he'll ... be ... all the Washington post what is left of the Washington Post Company answer right ... there is Miriam Gottfried Ahead of it heard on the Street ... they refer to the key to ... I hear him talk about this one but from PHP to was ... a depressing actually saw the employees ... it's not not pleased with what happen yesterday what is left of the game but all Company ... now he just bought the paper he just bought the paper which actually was a very small portion of the company's revenue and ... I'm not all portion of its profit from income the paper was losing money ... ALM so what what you have left is the education business ... our includes Kaplan the app ... which is you know test prep the essay to ... test that but also higher education and a it's a for profit education ... company ... and then you have a broadcast TV stations and cable news for cable TV on it's ... also to rename the company they are going to rename the company in on that washing posting is going with the Washington Post on ... we don't know what the new name of the company is yet ... aam but what remains is actually ... the three pieces of the business that were profitable ... on ... them the challenge is that I aam the for profit education use to be ... much more profitable ... than it is right now with regulators had cracked down on ... aam the men out of government bonds they can go to US support students were going to that so it is it become ... aam you know we're screwed Nias and it's been a little more challenge it's now eight still the largest portion of revenue for the company ... by ... cable and broadcast arm or studied the word and Cuba brought to the UN Studio stations and affiliates see ... both ... of which have actually been very valuable assets recently we've seen a lot of deals recently ... on involving ... merger is on the company's see clear his has been for example buying up a lot of aam broadcasters and her the reason for that is ... affiliate fees ... aam or SAAR Greek retransmission fees on that they can get from a ... pay TV provider stick it to carry their signals on that's been a big growing source of revenue but also spectrum on the price had stations owned spectrum in the wheel of Spector from us yet so was this at it hurts the status of the story paper ... but it was this just a matter of them ... putting deadly is this a good thing for what's left of the company you could say ... that the the the Daily worker newspaper not yet ... but will go on their business is on you know publishing deftly has the lowest multiple mm on in this case there weren't even profits being generated ... so aam it was deadly ... unfortunately it from the stock perspective ... on and so ... investors like this CEO ... although it ... two hundred fifty million to four billion dollar enterprise value companies so it's still pretty small John Browning ... it does show that management though is willing to do the hard stuff and certain cut out that the consensus ... it's that hard it is even though I think within five fifty four million last year yes ... still he was the name of the company was the heart of the business that I'm sure ... we also see it as protecting the paper because by selling it to somebody ... who we know from his and his manner of running Amazon isn't that concerned with making a profit as a day that broader vision than that ... I ... shareholders are too concerned about either right I mean he ... he ... he may be the benefactor that this paper he it's alright me and got t think you're a much